Bybit launches USDT-settled options on Tether Gold for hedging and speculation.

Bybit, a leading crypto exchange, has introduced options trading on Tether Gold (XAUT), allowing traders to hedge risk and speculate on gold prices using USDT-settled contracts. Partnering with Orbit Markets, Bybit ensures deep liquidity and institutional-grade support for these European-style options, each representing one troy ounce of physical gold. This move brings a traditional asset class on-chain via a major platform, expanding access to gold derivatives in the crypto space. The launch marks a significant step in blending traditional finance with crypto markets.